It is presumed that an individual is a resident of Puerto Rico if the individual has been present in Puerto Rico for a period of 183 days during a calendar year. #NewsismyBusiness
Edmy Rivera-Colón tells News is my Business that the substitute reform should boost jobs and be easy to comply with, making the island more competitive. #NewsismyBusiness
If doing so, employers must submit their exemption requests by Nov. 30. #NewsismyBusiness
If during tax year 2020 you moved to or from Puerto Rico, you should know that there are several factors that determine whether the move will imply that you will become a resident or if you will no longer be a resident of Puerto Rico for tax purposes. The definition of residence in the Puerto […]
The Puerto Rico College of CPAs will host the XI Construction Industry Forum Nov. 14, at Vivo Beach Club in Isla Verde.
The CPA Foundation’s study suggested the elements that must be present in an economic plan that has as its guide, the island’s economic development.
The event will take place Oct. 17 at the Vivo Beach Club in Isla Verde.
Occupational fraud represents a loss of more than $1.9 billion to Puerto Rico’s economy, or 2.77 percent of the $70.5 billion Gross Domestic Product.
Puerto Rico’s School of Certified Public Accountants expressed its support of House Bill 1544, which proposes a new Tax Code for the island, saying it introduces “a number of significant changes in the rate of income tax for both individuals and corporations.”
Even though our island is facing a severe economic recession that has lasted more than 10 years, and priorities could have changed after the passage of hurricanes Irma and María last year, we can’t procrastinate our responsibility to properly plan for our individual future.
The CPA Foundation unveiled the results of a study providing suggestions for Puerto Rico’s reconstruction and long-term sustainable development that focuses on six specific pillars moving forward.
The Individual Retirement Account is a retirement savings account. However, the funds in an IRA may be used for other purposes in case of an emergency or special need and the Puerto Rico Internal Revenue Code provides for it.
The Financial Oversight and Management Board for Puerto Ricoissued Tuesday a request for proposals for qualified and experienced certified public accounting firms interested in providing audit services for the federally appointed body in the future.
Generally, those responsible for withholding are called “withholding agents.” This means any person that is bound to deduct and withhold any tax on income payments pursuant to the provision of the Puerto Rico Internal Revenue Code.
Tax season is just around the corner and the computation of income taxes becomes the main topic during this period.
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